By Carolyn Todd
Updated October 24, 2014 at 06:14 PM EDT

– Barnes & Noble has reversed this week’s decision to close its Bronx branch, the only major bookstore in the neighborhood. Borough president Ruben Diaz Jr. led the fiery local campaign to keep the shop open, brokering a compromise between B&N and the the property’s landlord. Mr. Diaz told the crowd at a press conference yesterday that “this is more thatn just a bookstore… This is where kids read and broaden their minds and do their homework.” [The New York Times]

– The first-ever Kirkus Prize-winning authors were announced in Austin, Tex. last night. Writers Lily King, Roz Chast, and Kate Samworth took home the brand-new $50,000 prizes in the fiction, nonfiction and young readers categories, respectively. King’s novel Euphoria, the story of three intertwined rival anthropologists, stood out “for its perfect construction, its economy and originality, and its fearlessness.” Chast, a cartoonist for The New Yorker, won for her illustrated memoir Can’t We Talk About Something More Pleasant?, the story of the last few years of her parents’ lives—also up for a National Book Award later this year. Samworth’s Aviary Wonders Inc. is a a strange, funny, dark young adult tale about a world where birds are extinct. [NPR]

– Amazon saw a $544 million operating loss in its most recent quarter. The online giant’s most recent financial results show a 20-percent rise in sales, but a loss in overall profitability as it invests in an ongoing transition from physical to digital content sales both domestically and overseas. Amazon also lost money with the release of the Fire smartphone. CFO Tom Szkutak says Amazon will have to be more choosy about pursuing new business opportunities. [Publishers Weekly]

– After Texan tourist David Willis locked himself in London’s Waterstones last week , the bookstore is giving 10 bookworms jealous of Willis’ experience—a bibliophile’s dream—the chance to sleep over in the shop. Waterstones teamed up with Airbnb for Friday night’s unconventional sleepover, which will include food, entertainment, and, of course, a comfy place to sleep. [The Guardian]

– Penguin Random House has inked a two-year first-look deal with Universal Pictures, serving as a producer on film adaptation of their titles. The publisher said it is dedicated to making sure the books are “translated as faithfully as possible” and will benefit from “cross-promotional sales opportunities.” PRH author E.L. James’ Fifty Shades of Grey was adapted to the screen by Universal and will hit theaters in February; Lauren Hillenbrand’s Unbroken, a Universal film directed by Angelina Jolie, comes out on Christmas. [Publishers Weekly]